Rising gas fees on Ethereum have led many dApp developers and decentralized finance (DeFi) traders to look for alternative blockchain solutions, with some turning to Algorand as an Ethereum-alternative for dApp development and DeFi applications .
Read moreIs Algorand a erc20 token?
The Algorand Standard Asset (ASA) is also similar to the ERC-20 token , since both of them allow smart contracts to be built.
Read more